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Auto Insurance Primers
Thursday 29 November 2007
In case my vehicle is sold and an accident occurs while the policy is in the process of being transferred, would the new owner be eligible to file a claim?
Thursday 29 November 2007
| Yes, the new owner is eligible to file a claim. The only condition is that the request for transferring the car insurance policy should be received by the insurance company before the accident has occurred. See also: On sale and transfer of a vehicle, what happens to the Bonus/Malus? Relevant FAQs: What if I have a hire purchase or hypothecated vehicle that is stolen; who is eligible for the claim? What if I have an accident with an uninsured vehicle? What is the extent to which I am covered? What happens if there are two insurance policies simultaneously existing for one vehicle? If there is a dispute regarding the claim settlement between the insured and the insurer, how is the dispute resolved? |
